How will an increase in the efficiency of the payments mechanism effect velocity?
a. It will decrease.
b. It will increase.
c. It will remain constant.
d. Velocity is unrelated to payments.
b
Economics
You might also like to view...
In the figure above, if the price falls from $8 to $7, demand is
A) elastic. B) inelastic. C) unit elastic. D) income elastic. E) perfectly elastic.
Economics
A major characteristic of structural unemployment that differentiates it from frictional unemployment is that structural unemployment
A) exists only during a recession. B) exists in an expansion whereas there is no frictional unemployment in an expansion. C) is a short-term problem. D) usually lasts longer than frictional unemployment.
Economics